Comparic

EURCAD - a chance to continue declines

Short
FX_IDC:EURCAD   Euro / Canadian Dollar
EURCAD is heading down with almost no major breaks since beginning of June. H4 chart shows that descending channel is well-respected during this period.

Currently there is a rebound from the upper edge and local resistance. From this perspective it seems that there are no obstacles for further declines.

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